Air France-KLM: Barclays still a buyer, but cuts TP

(CercleFinance.com) - Barclays confirms its "overweight" rating on Air France-KLM shares, while reducing its target price for them from E22 to E18: with the stock at its lowest level in five years, investors are now focusing on real risks.


After a record profitability in Q3, the broker underlines that Air France-KLM "expressed confidence about trading, whilst recognising macro and geopolitical uncertainties".

In view of the Franco-Dutch air carrier's CMD on 14 December, Barclays says that it anticipates "a coherent strategy to sustain high margins".



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